LendingCROWD NZ P2P

[icyfire]

LC/secured v Harmoney/unsecured is a good differentiation?

While having some security instead of no security at all, the LC loan will only be covered to a point if a borrower defaulted and a vehicle was used as security . Also, vehicles depreciate fast.
For example, if someone borrowed $20k for 60 months on LC and used their vehicle as security which is currently worth $8k then that vehicle will be worth less every year over the 5 year loan term.